Encore Wire's ROA from the first quarter of 2024 to the first quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Encore Wire's ROA in the first quarter of 2024?
Encore Wire Corp achieved a return on average assets (ROA) of 15.24 % in its first quarter of 2024, this is above WIRE's average return on assets of 14.29%.
Encore Wire Corps assets during the 12 months ending in the first quarter of 2024 are valued at $2 billion

ROA decreased relative to the period ending Dec 31 2023, due to the decline in net income.

However, within the Basic Materials sector 19 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the fourth quarter of 2023 from 284 to 326.

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Return On Assets	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Total Assets Change	2.25 %	-2.52 %	20.96 %	13.79 %	20.26 %
Y / Y Net Income Change	-47.04 %	-57.06 %	-57.21 %	-50.25 %	-26.03 %
Net Income (TTM) in million	316	372	460	570	676
Return On Assets (TTM)	15.24 %	18.04 %	22.17 %	28.82 %	35.26 %
WIRE's Total Ranking	# 326	# 284	# 191	# 135	# 113
Total Assets (TTM) in million	2,042	1,968	2,278	2,013	1,997
Seq. Total Assets Change	3.74 %	-13.6 %	13.16 %	0.81 %	-1.1 %
Seq. Net Income Change	-4.3 %	-19.41 %	-21.66 %	-12.34 %	-22.41 %

WIRE's 5 Years Annual ROA >> Back to WIRE Management Effectiveness >> Compare WIRE ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 5
Sector	# 20
Overall	# 319

Return On Assets Statistics
High	Average	Low
45.18 %	14.29 %	4.15 %
(Mar 31 2022)		(Dec 31 2012)

Financial Statements
Encore Wire's Assets	$ 2,042 million	WIRE's Balance sheet
Encore Wire's Income	$ 63 million	Quarterly WIRE's Income Statement
WIRE's Income by Division		See WIRE's Income by Division

Annual Return On Assets	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	(Dec 31 2020) FY 2020	(Dec 31 2019) FY 2019
Y / Y Total Assets Change	-2.52 %	31.9 %	58.37 %	9.43 %	7.96 %
Total Assets in million	1,968	2,019	1,531	966	883
Y / Y Net Income Change	-48.12 %	32.58 %	611.77 %	30.86 %	-25.62 %
Net Income in million	372	718	541	76	58
Annual Return On Assets	18.92 %	35.56 %	35.37 %	7.87 %	6.58 %

WIRE's 5 Years Annual ROA >> Back to WIRE Management Effectiveness >> Compare WIRE ROA to its Competitors

Comment on WIRE's ROA in the fiscal year ending 2023

In the fiscal year 2023 Encore Wire's ROA decreased compared to previous year to 18.92 %, due to deterioration of net income -48.12 % to $372.40 million, from $717.84 million a year ago, as WIRE's assets were $1,967.91 million.

More Return On Assets Ratios
WIRE's' Return on Assets at Yahoo Finance
Miscellaneous Fabricated Products Industry Return On Assets Trends and Statistics
Basic Materials Sector Roa Statistics
Roa Trends for overall market
WIRE's Roa Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for WIRE's Competitors
Subscribers only: Roa for Encore Wire's Suppliers
Subscribers only: Return On Assets for WIRE's Customers

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WIRE's Roi	WIRE's Inventory Turnover Ratio	WIRE's Growth Rates	WIRE's Dividend Comparisons
	WIRE's Profitability Ratios	WIRE's Asset Turnover Ratio	WIRE's Dividend Growth
WIRE's Roe	WIRE's Valuation Ratios	WIRE's Financial Strength Ratios	WIRE's Dividend Payout Ratio

Companies with similar Return On Assets at Mar 31 2024, within Basic Materials Sector	ROA
Westlake Chemical Partners Lp	25.17 %
Trex Company Inc	23.61 %
Ball Corporation	21.27 %
Mueller Industries Inc	21.16 %
Xpel Inc	20.14 %
United States Lime and Minerals Inc	18.46 %
Tecnoglass Inc	17.47 %
Cardinal Ethanol Llc	17.05 %
Superior Drilling Products Inc	16.93 %
Knife River Corporation	16.58 %
Eagle Materials Inc	16.53 %
Steel Dynamics Inc	16.23 %
Dnow Inc	16.02 %
Encore Wire Corp	15.81 %
Newmarket Corporation	15.77 %
Wd 40 Company	15.60 %
Profire Energy Inc	15.13 %
Cactus inc	14.07 %
Southern Copper Corp	13.99 %
Armstrong World Industries Inc	13.93 %
Cabot Corporation	13.92 %
Boise Cascade Company	13.84 %
Martin Marietta Materials Inc	13.61 %
Nucor Corporation	13.56 %
Idaho Strategic Resources Inc	12.96 %
Ufp Industries inc	12.79 %
Rex American Resources Corporation	12.75 %
Drilling Tools International Corporation	12.69 %
Beacon Roofing Supply Inc	12.64 %
Paramount Gold Nevada Corp	12.54 %

Date modified: 2026-08-29T17:28:48+00:00

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